I am interested in your project personally and professionally. Linux is an
interesting choice for all sorts of mobile devices not just mobile phones.
I am not sure whether my company will itself get involved but once this
project takes off I am willing to try and convince them. So far we are not
involved with eclipse directly but do use a lot of eclipse technology.

What is the current road map for this project? How likely is it that it
will start?

As far as I understood the documentation the project will be based on CDT
and will provide tools to manage multiple build targets.

What I could not yet see is the link to Linux. Will the project also aid
in building Linux distributions, manage multiple target platforms for a
single distribution, ... and things like that?